(Yicai Global) March 17 -- Yinlun Machinery's subsidiary will provide vehicle radiators for Tesla's Chinese unit for the next five years.
The pair has penned a deal about the product and the delivery mode but the size of the order will be decided later, the Zhejiang province-based parent said in a filing to the Shenzhen Stock Exchange. The company is currently building a new plant just 20 kilometers away from Tesla's Shanghai Gigafactory, it added.
Yinlun Machinery's stock price [SHE:002126] climbed 1.4 percent to CNY9.27 (USD1.33) this morning.
Editor: Emmi Laine